2020 BULKERS LTD (2020.OL) Stock Fundamental Analysis
Europe - Euronext Oslo - OSL:2020 - BMG9156K1018 - Common Stock
142.55 NOK
+0.25 (+0.18%)
Taking everything into account, 2020 scores 6 out of 10 in our fundamental rating. 2020 was compared to 17 industry peers in the Marine Transportation industry. While 2020 belongs to the best of the industry regarding profitability, there are some minor concerns on its financial health. 2020 is quite expensive at the moment. It does show a decent growth rate.
1. Profitability
1.1 Basic Checks
2020 had positive earnings in the past year.
In the past year 2020 had a positive cash flow from operations.
In the past 5 years 2020 has always been profitable.
In the past 5 years 2020 always reported a positive cash flow from operatings.
1.2 Ratios
The Return On Assets of 2020 (8.48%) is comparable to the rest of the industry.
2020 has a Return On Equity of 15.12%. This is comparable to the rest of the industry: 2020 outperforms 47.06% of its industry peers.
With a decent Return On Invested Capital value of 8.61%, 2020 is doing good in the industry, outperforming 64.71% of the companies in the same industry.
Measured over the past 3 years, the Average Return On Invested Capital for 2020 is significantly above the industry average of 8.82%.
The 3 year average ROIC (13.93%) for 2020 is well above the current ROIC(8.61%). The reason for the recent decline needs to be investigated.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 8.48% | ||
| ROE | 15.12% | ||
| ROIC | 8.61% |
ROA(3y)14.61%
ROA(5y)12.95%
ROE(3y)28.88%
ROE(5y)28.22%
ROIC(3y)13.93%
ROIC(5y)12.58%
1.3 Margins
2020's Profit Margin of 38.37% is fine compared to the rest of the industry. 2020 outperforms 76.47% of its industry peers.
In the last couple of years the Profit Margin of 2020 has grown nicely.
The Operating Margin of 2020 (49.41%) is better than 100.00% of its industry peers.
In the last couple of years the Operating Margin of 2020 has grown nicely.
2020's Gross Margin of 73.68% is amongst the best of the industry. 2020 outperforms 94.12% of its industry peers.
In the last couple of years the Gross Margin of 2020 has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 49.41% | ||
| PM (TTM) | 38.37% | ||
| GM | 73.68% |
OM growth 3Y1.88%
OM growth 5Y49.3%
PM growth 3Y3.06%
PM growth 5YN/A
GM growth 3Y0.45%
GM growth 5Y2.23%
2. Health
2.1 Basic Checks
2020 has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
Compared to 1 year ago, 2020 has about the same amount of shares outstanding.
2020 has more shares outstanding than it did 5 years ago.
The debt/assets ratio for 2020 has been reduced compared to a year ago.
2.2 Solvency
An Altman-Z score of 2.89 indicates that 2020 is not a great score, but indicates only limited risk for bankruptcy at the moment.
2020 has a better Altman-Z score (2.89) than 88.24% of its industry peers.
The Debt to FCF ratio of 2020 is 3.94, which is a good value as it means it would take 2020, 3.94 years of fcf income to pay off all of its debts.
2020 has a Debt to FCF ratio (3.94) which is comparable to the rest of the industry.
A Debt/Equity ratio of 0.74 indicates that 2020 is somewhat dependend on debt financing.
2020's Debt to Equity ratio of 0.74 is on the low side compared to the rest of the industry. 2020 is outperformed by 64.71% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.74 | ||
| Debt/FCF | 3.94 | ||
| Altman-Z | 2.89 |
ROIC/WACC1
WACC8.61%
2.3 Liquidity
A Current Ratio of 3.05 indicates that 2020 has no problem at all paying its short term obligations.
Looking at the Current ratio, with a value of 3.05, 2020 belongs to the top of the industry, outperforming 94.12% of the companies in the same industry.
2020 has a Quick Ratio of 3.05. This indicates that 2020 is financially healthy and has no problem in meeting its short term obligations.
2020 has a better Quick ratio (3.05) than 94.12% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 3.05 | ||
| Quick Ratio | 3.05 |
3. Growth
3.1 Past
The earnings per share for 2020 have decreased strongly by -75.53% in the last year.
2020 shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 1.97% yearly.
Looking at the last year, 2020 shows a very strong growth in Revenue. The Revenue has grown by 56.30%.
2020 shows a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 65.82% yearly.
EPS 1Y (TTM)-75.53%
EPS 3Y1.97%
EPS 5YN/A
EPS Q2Q%-14%
Revenue 1Y (TTM)56.3%
Revenue growth 3Y-0.52%
Revenue growth 5Y65.82%
Sales Q2Q%-2.56%
3.2 Future
The Earnings Per Share is expected to decrease by -33.05% on average over the next years. This is quite bad
Based on estimates for the next years, 2020 will show a very negative growth in Revenue. The Revenue will decrease by -18.71% on average per year.
EPS Next Y-65.54%
EPS Next 2Y-45.2%
EPS Next 3Y-33.05%
EPS Next 5YN/A
Revenue Next Year-17.99%
Revenue Next 2Y-25.95%
Revenue Next 3Y-18.71%
Revenue Next 5YN/A
3.3 Evolution
The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings ratio is 15.30, which indicates a correct valuation of 2020.
2020's Price/Earnings ratio is a bit more expensive when compared to the industry. 2020 is more expensive than 76.47% of the companies in the same industry.
The average S&P500 Price/Earnings ratio is at 26.28. 2020 is valued slightly cheaper when compared to this.
With a Price/Forward Earnings ratio of 14.03, 2020 is valued correctly.
2020's Price/Forward Earnings ratio is in line with the industry average.
Compared to an average S&P500 Price/Forward Earnings ratio of 23.52, 2020 is valued a bit cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 15.3 | ||
| Fwd PE | 14.03 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of 2020 indicates a slightly more expensive valuation: 2020 is more expensive than 70.59% of the companies listed in the same industry.
2020's Price/Free Cash Flow ratio is in line with the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 11.5 | ||
| EV/EBITDA | 10.9 |
4.3 Compensation for Growth
The excellent profitability rating of 2020 may justify a higher PE ratio.
2020's earnings are expected to decrease with -33.05% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-45.2%
EPS Next 3Y-33.05%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 15.81%, 2020 is a good candidate for dividend investing.
2020's Dividend Yield is rather good when compared to the industry average which is at 10.37. 2020 pays more dividend than 82.35% of the companies in the same industry.
2020's Dividend Yield is rather good when compared to the S&P500 average which is at 2.31.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 15.81% |
5.2 History
Dividend Growth(5Y)N/A
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
2020 pays out 143.81% of its income as dividend. This is not a sustainable payout ratio.
DP143.81%
EPS Next 2Y-45.2%
EPS Next 3Y-33.05%
OSL:2020 (12/10/2025, 1:04:00 PM)
142.55
+0.25 (+0.18%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupTransportation
GICS IndustryMarine Transportation
Earnings (Last)
Earnings (Next)
Inst Owners31.64%
Inst Owner ChangeN/A
Ins Owners4.57%
Ins Owner ChangeN/A
Market Cap3.26B
Revenue(TTM)114.10M
Net Income(TTM)22.60M
Analysts76.67
Price Target153 (7.33%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 15.81% |
Yearly Dividend37.96
Dividend Growth(5Y)N/A
DP143.81%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-44.48%
Min EPS beat(2)-91.09%
Max EPS beat(2)2.12%
EPS beat(4)2
Avg EPS beat(4)-33.46%
Min EPS beat(4)-91.09%
Max EPS beat(4)2.12%
EPS beat(8)6
Avg EPS beat(8)4.15%
EPS beat(12)6
Avg EPS beat(12)-1.04%
EPS beat(16)8
Avg EPS beat(16)-1.92%
Revenue beat(2)0
Avg Revenue beat(2)-12.35%
Min Revenue beat(2)-17.25%
Max Revenue beat(2)-7.46%
Revenue beat(4)0
Avg Revenue beat(4)-11.58%
Min Revenue beat(4)-21.48%
Max Revenue beat(4)-0.15%
Revenue beat(8)3
Avg Revenue beat(8)22.55%
Revenue beat(12)5
Avg Revenue beat(12)14.86%
Revenue beat(16)7
Avg Revenue beat(16)11.84%
PT rev (1m)1.69%
PT rev (3m)5.26%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-3.82%
EPS NY rev (1m)-1.02%
EPS NY rev (3m)-3.87%
Revenue NQ rev (1m)-1.3%
Revenue NQ rev (3m)-2.55%
Revenue NY rev (1m)-0.41%
Revenue NY rev (3m)-2.73%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 15.3 | ||
| Fwd PE | 14.03 | ||
| P/S | 5.47 | ||
| P/FCF | 11.5 | ||
| P/OCF | 11.5 | ||
| P/B | 2.15 | ||
| P/tB | 2.15 | ||
| EV/EBITDA | 10.9 |
EPS(TTM)9.32
EY6.54%
EPS(NY)10.16
Fwd EY7.13%
FCF(TTM)12.39
FCFY8.69%
OCF(TTM)12.39
OCFY8.69%
SpS26.07
BVpS66.17
TBVpS66.17
PEG (NY)N/A
PEG (5Y)N/A
Graham Number117.8
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 8.48% | ||
| ROE | 15.12% | ||
| ROCE | 11.19% | ||
| ROIC | 8.61% | ||
| ROICexc | 9.13% | ||
| ROICexgc | 9.13% | ||
| OM | 49.41% | ||
| PM (TTM) | 38.37% | ||
| GM | 73.68% | ||
| FCFM | 47.54% |
ROA(3y)14.61%
ROA(5y)12.95%
ROE(3y)28.88%
ROE(5y)28.22%
ROIC(3y)13.93%
ROIC(5y)12.58%
ROICexc(3y)14.87%
ROICexc(5y)13.42%
ROICexgc(3y)14.87%
ROICexgc(5y)13.42%
ROCE(3y)18.09%
ROCE(5y)16.33%
ROICexgc growth 3Y13.49%
ROICexgc growth 5Y148.43%
ROICexc growth 3Y13.49%
ROICexc growth 5Y148.43%
OM growth 3Y1.88%
OM growth 5Y49.3%
PM growth 3Y3.06%
PM growth 5YN/A
GM growth 3Y0.45%
GM growth 5Y2.23%
F-Score3
Asset Turnover0.22
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.74 | ||
| Debt/FCF | 3.94 | ||
| Debt/EBITDA | 2.88 | ||
| Cap/Depr | N/A | ||
| Cap/Sales | N/A | ||
| Interest Coverage | 3.83 | ||
| Cash Conversion | 73.11% | ||
| Profit Quality | 123.89% | ||
| Current Ratio | 3.05 | ||
| Quick Ratio | 3.05 | ||
| Altman-Z | 2.89 |
F-Score3
WACC8.61%
ROIC/WACC1
Cap/Depr(3y)N/A
Cap/Depr(5y)N/A
Cap/Sales(3y)N/A
Cap/Sales(5y)N/A
Profit Quality(3y)117.38%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-75.53%
EPS 3Y1.97%
EPS 5YN/A
EPS Q2Q%-14%
EPS Next Y-65.54%
EPS Next 2Y-45.2%
EPS Next 3Y-33.05%
EPS Next 5YN/A
Revenue 1Y (TTM)56.3%
Revenue growth 3Y-0.52%
Revenue growth 5Y65.82%
Sales Q2Q%-2.56%
Revenue Next Year-17.99%
Revenue Next 2Y-25.95%
Revenue Next 3Y-18.71%
Revenue Next 5YN/A
EBIT growth 1Y-67.63%
EBIT growth 3Y1.35%
EBIT growth 5Y147.57%
EBIT Next Year-45.81%
EBIT Next 3Y-27.91%
EBIT Next 5YN/A
FCF growth 1Y-7.89%
FCF growth 3Y-18.8%
FCF growth 5YN/A
OCF growth 1Y-7.89%
OCF growth 3Y-18.8%
OCF growth 5Y54.36%
2020 BULKERS LTD / 2020.OL FAQ
Can you provide the ChartMill fundamental rating for 2020 BULKERS LTD?
ChartMill assigns a fundamental rating of 6 / 10 to 2020.OL.
What is the valuation status for 2020 stock?
ChartMill assigns a valuation rating of 3 / 10 to 2020 BULKERS LTD (2020.OL). This can be considered as Overvalued.
What is the profitability of 2020 stock?
2020 BULKERS LTD (2020.OL) has a profitability rating of 8 / 10.
Can you provide the financial health for 2020 stock?
The financial health rating of 2020 BULKERS LTD (2020.OL) is 6 / 10.
Is the dividend of 2020 BULKERS LTD sustainable?
The dividend rating of 2020 BULKERS LTD (2020.OL) is 5 / 10 and the dividend payout ratio is 143.81%.